Bitcoin’s dominance of the cryptocurrency market reached 64.89% today, its highest level since January 2021, as the price of Bitcoin topped $97,000 Friday morning.
BTC’s dominance—its capitalization as a percentage of the entire market’s cap—has risen from around 57.90% at the start of the year, according to TradingView data.
It had dropped to 55% by early December, as euphoria following Donald Trump’s election victory pushed altcoin prices to new highs.
